Silver Lake eyes US$51bil Workday buyout
CALIFORNIA: Private equity firm Silver Lake is in talks to acquire Workday in a deal that would rank among the largest software buyouts in history, according to people familiar with the matter.
Private equity firm Silver Lake is in preliminary talks to acquire Workday, a software company specializing in human resources and financial management, in a deal potentially valued at US$51.1 billion. The acquisition would be one of the largest software buyouts in history, according to people familiar with the matter. Workday's shares surged nearly 18% on Thursday following the news, valuing the company at around US$51.1 billion.
The Pleasanton, California-based company, which had a market value of approximately US$43 billion before the rumors circulated, could attract additional investors to finance the deal. This potential acquisition comes at a time when artificial intelligence concerns have dampened private equity activity in large software buyouts.
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